Edmonton Real Estate Blog

Alberta Migration Stats...

Population and migration play a key factor when it comes to the real estate market. Simply put when migration levels increase and more people come to an area, either from other region, or country, then typically the demand for housing increases.

This, in turn, tends to push property prices up in both market value and in rental value. This occurs because more people need accommodation and they’re willing to pay more for it.

Take into consideration that population is only one key factor in real estate values. So increase in house values going forward in this economy I don’t think is very likely.

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A Guide to Buying a Home Based on a School District

Buying a home is never easy, and there are always lots of different factors to consider. If you have children, you’ll quickly find that a school district can be a deciding factor in whether or not a home is a good fit for you. Edmonton School District No. 7 is Edmonton’s largest public school district, while Edmonton Catholic School District No. 7 offers a variety of Catholic schools to choose from. When buying your home, you’ll want to carefully evaluate the school district around it in order to ensure it’s a good fit for your family. Here are just a few of the factors you’ll need to consider.

Look at the Numbers: Test Scores, Grad Rates, and Teacher Ratios

A school district’s average test scores will tell you a lot about the quality of education in that district, but you often won’t get the whole story from just one...

Oil is Down, the Dollar is Down, The World is Ending… Now is an Excellent Time to Buy a Home!

If you’ve been paying any attention to the local and national news, you’ve no doubt heard that the sky is falling. This summer, oil prices fell below $50 per barrel for the first time since 2009, while the Canadian dollar is trading at $0.75 USD – its lowest valuation in 11 years. The Bank of Canada has dropped its benchmark interest rate to just half a percent, and although home prices in cities like Vancouver and Toronto show no signs of slowing, Edmonton and other major Alberta cities are seeing much lower home prices. If you’re considering buying an Alberta home in the near future, there’s no better time than right now. Here are just a few reasons why savvy buyers are snapping up Alberta properties like they’re going out of style.

Sales are Down, But New Listings are Way Up

The Alberta real estate market is most definitely a buyer’s market right now. Sales numbers this year have been dropping, especially in Edmonton, while the number of days on market has risen. The number...

The Art of Making the Low Ball Offer

If you’re looking to buy a piece of Edmonton real estate in the near future, you’re probably planning out strategies you can use to get the best possible price on your ideal home. Buying a starter or move-up home can include lots of different costs, which is why negotiating for the lowest possible selling price is always in your best interest. A lower selling price will give you more room in your budget for repairs or renovations, closing costs, and furnishings. But if you’re planning to low ball a seller, you’ll want to take some steps to make your offer more appealing. Low balling puts you at a disadvantage in a bidding war and could even offend the seller – but with these smart low balling strategies, you’ll have a much better chance of getting your home at your preferred price.

Offer to Handle Repairs...

Oil Affecting The Edmonton Real Estate Market

If you are a Buyer in the Edmonton market you have plenty to choose from which isn't a bad situation. The ups and downs of oil aren't helping to push the home prices up, so if you are looking to sell your home we suggest that you do your research and price it correctly.

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